Home News Financial Emergencies Can Be Catastrophic for Low-Income Students. A Start-Up Wants to Help. – The Chronicle of Higher Education

Financial Emergencies Can Be Catastrophic for Low-Income Students. A Start-Up Wants to Help. – The Chronicle of Higher Education

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Students need money for financial emergencies. A start-up wants to help.

It says a lot about the state of American higher education — and perhaps the ed-tech scene, too — when a start-up decides that its business will be to help needy students find emergency aid and to guide colleges in providing that assistance in a fairer and more efficient way.

I’m still getting my head around exactly what it says.

Meanwhile, the story of how that company, Edquity, has been shifting course continues to interest me. Ditto its founder, David Helene, whom I first met just over a year ago, when he took part in our “Shark Tank: Edu Edition” at South by Southwest EDU and was pitching the Edquity app as a college-planning and money-management tool for students.

The app was always designed with low-income students in mind, but since then, Helene says, he’s become even more conscious that the problem many students face isn’t that they don’t know how to budget their finances. It’s “students not having money to manage,” as he puts it.

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